The price limit as a market-stabilization mechanism has been widely adopted by financial
regulators in emerging markets (Kim and Park, 2010; Li et al., 2014; Lien et al., 2019), such …

This study examines the relationships between price limit changes and market quality in the
Taiwan Stock Exchange taking into account limit hits, order choices, and firm characteristics …

On the negative side, price limits are criticized for increasing stock price volatility and
hindering the price discovery process. On the positive side, price limits are argued to give …

The effect of each trading rule is not completely independent. From the perspective of market
differentiation, we establish the linear simultaneous equation model to study the …

This paper constructs an artificial stock market, especially the description of Chinese stocks
to form a benchmark model of this paper. Then, we examine the relationships between price …

The study aims to investigate the relationship between daily price limits and stock volatility,
trading volume, delayed adjustment of stock prices, and its fair value. To achieve this goal …

This study examines the relationships among price limit changes, order submission
decisions, and stock returns in the Taiwan Stock Exchange. Specifically, we first investigate …

Based upon the theory of the" arrival of news", the main purpose of this paper is to
investigate the impact of non-trading periods on the measurement of volatility for the S&P …

抄録 To enhance the stability of the financial markets, price limits have been implemented in
numerous financial markets. The effects to markets' stability and traders' profitability of price …

AbstractOne of the factors that can contribute to the favorable flow of transactions in the
financial markets is the creation of a framework through which all existing parties, including …